Gravity Q3 Loss Widens - Quick Facts

(RTTNews) - Gravity Co. Ltd. (GRVY), an online game developer and publisher based in South Korea, said that net loss attributable to parent company for the third quarter of 2013 was KRW 1.804 billion or $1.70 million compared to a net loss of attributable to parent company of KRW 1.393 billion in the third quarter of 2012.

Loss per ADS was KRW 65 or $0.06, compared to a loss of KRW 50 last year.

Revenues for the third quarter were KRW 12.807 billion or $12.07 million, representing a 8.6% decrease from KRW 14.012 billion for the third quarter ended September 30, 2012.

While the decrease year-over-year was mostly attributable to the decrease in revenues from online game business, the decrease was substantially offset by the increase in revenues from mobile game business.